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Gold futures fall 0.8% to $4,332.50/oz on Monday, following new attacks on Saudi pipeline and a vessel in Strait of Hormuz, with Fed rate hike expectations also weighing
Gold December futures opened at $4,375 per troy ounce on Monday, September 14, 2026, down 0.8% from Friday's closing price. The price continued to move lower this morning, reaching $4,332.50 per troy ounce as of 7:02 a.m. ET. This downward trend follows weekend attacks targeting a Saudi Arabian oil pipeline, homes, and a mosque, as well as reports of a vessel being struck in the Strait of Hormuz. Escalating Middle East tensions are driving global oil prices skyward, while widespread expectations that the Fed will raise interest rates this week are also weighing on gold prices. Earlier CPI data showed prices rose 3.4% in August.
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